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Grab continues to burn cash

nightsafari said:
it is quite alarming. I wonder what kind of sense of humour is going on? If you find this offensive, I suggest you make a complaint or even refuse a ride on the basis that it suggests and promotes predatory behaviour.
Click to expand...

Those in the trade knows that this logo means female passengers can choose not to pay if u let the driver touch u.
 
SOS said:
Those in the trade knows that this logo means female passengers can choose not to pay if u let the driver touch u.
Click to expand...
harh? like out of some porn director's fantasy? those in the taxi trade or those in the porn trade? I can see it if in the porn trade, but if it's the taxi trade, this will become a big issue quickly.
 
Grab is insolvent. Crashed below US$3 last night again. If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
 
Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Grab Holdings Limited (NASDAQ:GRAB)

CONTACT JAKUBOWITZ ABOUT GRAB:
https://claimyourloss.com/securities/grab-holdings-limited-loss-submission-form/?id=26252&from=1

Class Period : November 12, 2021 - March 2, 2022

Lead Plaintiff Deadline : May 16, 2022

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Grab's driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (3) as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially
misleading and/or lacked a reasonable basis.
 

GRAB HOLDINGS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Grab Holdings Limited​


NEW ORLEANS, LA / ACCESSWIRE / April 21, 2022 / Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 16, 2022 to file lead plaintiff applications in a securities class action lawsuit against Grab Holdings Limited if they purchased the Company's securities between November 12, 2021 and March 3, 2022, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.



What You May Do

If you purchased securities of Grab as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-grab/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 16, 2022.
 
ChinaCommunistSG said:
Grab is a scam
Click to expand...

GRAB messed up their digital-banking license presentation and still get awarded. The insolvent China property company GREENLAND's financial arm also secured another license after they smoke MAS with Shanghai people.

Grab's retail investors can sue GRAB for lack of disclosure and misleading statements in US but Singapore took forever to investigate Hyflux's false account practices and MAS quickly defended that DBS did no wrong by to issuing Hyflux bonds to retail investors to bail out their rich clients in secondary bond markets. Today, DBS gets bolder by the day, and launders payments for Russia despite our state sanctions via Chinese and German proxies. DBS is also actively churning and financial universal life policies to generate revenue and money out of thin air for insolvent SMEs. MAS simply refuses to intervene despite all these being flagged by IRAS.

It says a lot about MAS. It is scary that our finance sector is like a cowboy town these days. In the end, our retail investors suffer and our financial system will eventually implode.
 
If the grab ceo sells his GCB then you will know that grab is in deep shit.
 

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Grab Holdings Limited (GRAB) Investors to Filing of Securities Class Action, Encourages Investors with Significant Losses to Contact Firm's Attorneys​


Hagens Berman urges Grab Holdings Limited investors who suffered significant losses to submit your losses now. A securities fraud class action has been filed and investors with significant losses have an opportunity to lead the case.


Class Period: Nov. 12, 2021 - Mar. 3, 2022
Lead Plaintiff Deadline: May 16, 2022
Visit: www.hbsslaw.com/investor-fraud/GRAB
Contact An Attorney Now: [email protected]
844-916-0895
 
SOS said:
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Grab's driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to "preemptively recalibrate driver supply"; (3) as a result, the Company's financial results would be adversely impacted, including, among other things, a significant decline in revenue; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially
misleading and/or lacked a reasonable basis.
Click to expand...

This is wot happened when you stop focussing on your customers and start listening to corporate gurus.
 
syed putra said:
After raising tens of billions, they still need to borrow from banks?
Click to expand...
Latest I heard is that they are planning to restructure. They owe many banks money and intend to do a Hyflux before bankers file them bankrupt. They got three plans, offload business arm X for money, but they can't get a good deal. They are also exploring to spin-off business arm X to allocate shares in the new listing to satisfy grouchy shareholders in US who intends to sue them. Most smelly is to file for Chapter 11, continue do business and management get paid, and reorganize (reduce) debts with the banks.
 
SOS said:
Latest I heard is that they are planning to restructure. They owe many banks money and intend to do a Hyflux before bankers file them bankrupt. They got three plans, offload business arm X for money, but they can't get a good deal. They are also exploring to spin-off business arm X to allocate shares in the new listing to satisfy grouchy shareholders in US who intends to sue them. Most smelly is to file for Chapter 11, continue do business and management get paid, and reorganize (reduce) debts with the banks.
Click to expand...
Get listed for what, so much trouble. Just stay pte ltd is better.
 
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